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Eliciting private information with noise : the case of randomized response

Blume, Andreas; Lai, Ernest K.; Lim, Wooyoung - 2013

prediction, randomization significantly reduces the elicited information in our experiment. …

Persistent link: https://www.econbiz.de/10010201201

Rage against the machines : how subjects learn to play against computers

Dürsch, Peter; Kolb, Albert; Oechssler, Joerg; … - 2005

We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a … and that all learning algorithms are subject to exploitation with the notable exception of imitation. The experiment was …

Persistent link: https://www.econbiz.de/10010366554

Imitation equilibrium

Selten, Reinhard; Ostmann, Axel - 2000

The paper presents the concept of an imitation equilibrium and explores it in the context of some simple oligopoly models. The concept applies to normal form games enriched by a reference structure specifying a reference group for every player. The reference group is a set of other players, whom...

Persistent link: https://www.econbiz.de/10011538885

Stability of the Cournot process : experimental evidence

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - 2002

We report results of experiments designed to test the predictions of the best reply process. In a Cournot oligopoly with four firms, the best reply process should theoretically explode if demand and cost functions are linear. We find, however, no experimental evidence of such instability....

Persistent link: https://www.econbiz.de/10011539705

Can you guess the game you're playing?

Oechssler, Joerg; Schipper, Burkhard - 2000

an experiment designed to test whether players learn a) the relevant features of the payoff structure of a 2x2 game (e …

Persistent link: https://www.econbiz.de/10011539825

The two-person Harvard game : an experimental analysis

Apesteguia, Jose - 2001

theory of melioration is to exclusively play A, while the Nash equilibrium is to almost exclusively play B. The predictive …

Persistent link: https://www.econbiz.de/10011539831

Two are few and four are many : number effects in experimental oligopolies

Huck, Steffen; Normann, Hans-Theo; Oechssler, Joerg - 2001

In this paper we investigate how the competitiveness of Cournot markets varies with the number of firms in an industry. We review previous Cournot experiments in the literature. Additionally, we conduct a new series of experiments studying oligopolies with two, three, four, and five firms in a...

Persistent link: https://www.econbiz.de/10011539897

Trust in generosity : an experiment of the repeated Yes-No game

Güth, Werner; Otsubo, Hironori - 2014

This paper reports results of a 100-round Yes-No game experiment conducted under the random matching protocol. In … their repeated ultimatum bargaining experiment. Our main interest is which dynamics emerge when proposers and responders …

Persistent link: https://www.econbiz.de/10010433915

Equilibrium selection in similar repeated games : experimental evidence on the role of precedents

Duffy, John; Fehr, Dietmar - 2015

We report on an experiment examining behavior and equilibrium selection in two similar, infinitely repeated games, Stag …

Persistent link: https://www.econbiz.de/10010478988

Bounded rationality in principal-agent relationships

Erlei, Mathias; Schenk-Mathes, Heike Yasmin - 2012 - Version: January 5, 2012

We conducted six treatments of a standard moral hazard experiment with hidden action. All treatments had identical Nash … equilibria. However, the behavior in all treatments and periods was inconsistent with established agency theory (Nash equilibrium …). In the early periods of the experiment, behavior differed significantly between treatments. This difference largely …

Persistent link: https://www.econbiz.de/10010481417